Leon Trotsky: Understand Economic Process
on Friday, November 9, 2018Leon Trotsky Money Quote saying words and labels for economic processes are meaningless and not understood by most – and certainly not within their power to change or direct. Leon Trotsky said:
“Such categories as ‘commodity’, ‘money’, ‘wages’, ‘capital’, ‘profit’, ‘tax’, and the like are only semi-mystical reflections in men’s heads of the various aspects of a process of economy which they do not understand and which is not under their control” — Leon Trotsky
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In this quote, Leon Trotsky is criticizing how people view fundamental economic concepts like commodities, money, wages, capital and profit as abstract, fixed categories.
He argues these are merely “semi-mystical reflections” in people’s minds that don’t truly capture the complex realities of economic processes, which individuals do not fully comprehend and cannot fully dictate.
Trotsky appears to be suggesting that the economy is dynamic and shaped by many interconnected forces, not static categories.
Overall, he seems to aim to dispel overly simplistic or rigid thinking about economic terms, and imply that the real workings of the economy are more fluid, complicated and beyond any single person’s control than surface conceptualizations may indicate.
Birthday November 7, 1879 Died (assassinated) on August 21, 1940